Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana
By Tribal Welfare and Scheduled Caste Welfare Department, Government of Madhya Pradesh
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Quick Answer
7% annual interest subsidy on bank loans of ₹10,000 to ₹1 lakh for Scheduled Caste people in Madhya Pradesh starting a new self-employment venture.
- Funding amount
- ₹10,000 – ₹1L
- Funding type
- Subsidy
- Application deadline
- Rolling
- Location
- Madhya Pradesh
- Registrations needed
- Udyam registration
About this subsidy
Scheduled Caste (SC) applicants in Madhya Pradesh who want to start a new self-employment venture in industry, services or business get a 7% annual interest subsidy on bank loans for up to 5 years. Projects can cost from ₹10,000 to ₹1 lakh. The scheme is run by the Tribal Welfare and Scheduled Caste (SC) Department of Madhya Pradesh and includes a 12-day online entrepreneurship development training. Loans come from Public Sector, Private Sector and Regional Rural Banks registered as Member Lending Institutions (MLIs) with CGTMSE, so they are eligible for bank guarantees.
You must be between 18 and 55 years of age, not an income tax payer, and not a defaulter of any bank or financial institution. You must not be benefiting from any other state or central self-employment scheme.
Eligibility
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Subsidy providers
Provider
Tribal Welfare and Scheduled Caste Welfare Department, Government of Madhya PradeshMadhya Pradesh · India
Benefits & Funding
- Amount
- ₹10,000 – ₹1L
What You Get
The primary benefit is a 7% annual interest subsidy on bank loans, applicable for a period of up to 5 years. This significantly reduces the repayment burden for Scheduled Caste beneficiaries, making it easier to manage their business finances and achieve profitability. Loans are available for projects ranging from ₹10,000 to ₹1 lakh. Additionally, beneficiaries gain access to a valuable 12-day online entrepreneurship development training program. This training equips aspiring entrepreneurs with crucial business management skills, financial literacy, and market understanding, preparing them to successfully launch and operate their self-employment ventures. The scheme also facilitates access to formal credit by ensuring that projects are eligible for bank loan guarantees under CGTMSE, through various Member Lending Institutions.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Application Process
- 1
Obtain Form
Visit the Scheduled Caste Welfare Department to get the application form.
You - 2
- 3
- 4
How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana?
It is a scheme by the Madhya Pradesh Tribal Welfare and Scheduled Caste Department providing a 7% annual interest subsidy on bank loans for up to 5 years, aimed at supporting Scheduled Caste individuals in establishing new self-employment ventures across industry, service, and business sectors.
What is the maximum loan amount eligible for the interest subsidy?
The scheme supports projects with a limit ranging from ₹10,000 to ₹1 lakh, on which the 7% annual interest subsidy is provided.
Who is eligible to apply for this scheme?
Applicants must be between 18 and 55 years of age, not be an income tax payer, not be a defaulter of any financial institution, and not be a beneficiary of any other self-employment scheme from the state or central government. Family income criteria also apply.
What kind of support is offered besides the interest subsidy?
In addition to the financial interest subsidy, beneficiaries can avail a 12-day online entrepreneurship development training under the scheme to enhance their business skills and knowledge.
What types of businesses are covered under this scheme?
The scheme covers projects in the industry (manufacturing), service, and business sectors that are eligible for bank loan guarantees under CGTMSE.
Is there an online application process for the scheme?
No, the application process for the Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana is offline. Interested applicants need to visit the Scheduled Caste Welfare Department during office hours to obtain and submit the application form.
Sources
Data on this page is compiled from official program and provider references.
